1st Engrossment - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to tax increment financing; authorizing the 1.3 city of Gaylord to extend the duration of a tax 1.4 increment financing district. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [GAYLORD; TIF DISTRICT EXTENSION AND 1.7 EXPANSION.] 1.8 Notwithstanding the provisions of Minnesota Statutes, 1.9 section 469.176, subdivision 1c, the city of Gaylord may, by 1.10 resolution, extend the duration of a tax increment financing 1.11 district originally certified in 1978. The city may not extend 1.12 the duration beyond December 31, 2008. 1.13 Sec. 2. [EFFECTIVE DATE.] 1.14 Section 1 is effective upon compliance with the 1.15 requirements of Minnesota Statutes, sections 469.1782 and 1.16 645.021.